Melbourne Homes under $500,000

Melbourne Homes under $500,000

Welcome to Melbourne, Florida – a vibrant city nestled along the picturesque Space Coast, renowned for its blend of sun-soaked beaches, rich cultural heritage, and thriving community spirit. With a population that embraces diversity, Melbourne boasts a unique charm that attracts families, professionals, and retirees alike.

As you explore this enchanting city, you’ll find a plethora of recreational activities, from kayaking along the Indian River Lagoon to sunbathing on the pristine shores of the Atlantic Ocean. Melbourne's downtown area is a hub of activity, featuring an array of boutique shops, delightful cafes, and art galleries that reflect the local talent and creativity. The city is also home to several parks and nature reserves, perfect for outdoor enthusiasts seeking adventure or tranquility.

For those looking to make Melbourne their home, you’ll be pleased to discover a variety of charming properties available for under $500,000. Whether you're in search of a cozy single-family home, a modern townhouse, or a spacious condo, Melbourne offers an impressive selection that caters to diverse lifestyles and budgets. Many of these homes come with desirable features such as open floor plans, updated kitchens, and beautiful outdoor spaces, making them perfect for both entertaining and relaxation.

With its affordable housing market, vibrant community, and abundance of amenities, Melbourne, FL, is not just a place to live; it’s a lifestyle waiting to be embraced. Come and discover the perfect home in this captivating city, where every day feels like a vacation!

Newest Melbourne Homes under $500,000

7667 N Wickham Road Unit 616, Melbourne
$165,000
1 Beds ⋅ 1 Baths ⋅ 1089179 MLS
CONDO IN A GREAT LOCATION w/VIEW & GARAGE! If you're looking for an opportunity own in Cypress Cove at Suntree Condominiums, this one's worth a look. This 1-bedroom, 1-bath second floor condo is priced right for what this community has to offer, giving you room to add value on your own terms. New windows and slider are already done, which helps with both efficiency and peace of mind. Beyond that, it's ready to move-in or bring your vision and make it your own, whether that's a personal update or a straightforward rental-ready refresh. Suntree's resort-style amenities make this a location tenants and owners both appreciate: sparkling pool w/spa, tennis courts, dog park, playground and well-kept grounds, all close to Brevard Zoo, Wickham Park, shopping, and dining. For investors building a rental portfolio or anyone ready to put your own touch on it, this is a solid one to consider. We'd love to talk through the possibilities - reach out anytime to schedule your viewing!

7667 N Wickham Road Unit 616, Melbourne
2419 Lakeview Drive, Melbourne
$349,900
5 Beds ⋅ 2 Baths ⋅ 1089169 MLS
Property has incredible potential. This spacious home features a flexible floor plan with an extra kitchen, living space, and bedroom on the west side—making it perfect for multi-generational living, roommates, or a large family. No HOA, no carpet, and a fully fenced yard. Wide driveway to accommodate multiple vehicles PLUS large concrete slab on East side of home. Situated in a quiet, well-established, and well-maintained neighborhood with easy access to beaches, major employers, shopping, and dining. - Recent Updates: Both AC units replaced (2018 & 2021), a new electrical service panel, and roof replaced in 2020. The layout of this home truly needs to be seen in person to be appreciated and give you the opportunity to exercise your full creative endeavors

2419 Lakeview Drive, Melbourne
1211 Berryhill Drive, Melbourne
$332,000
3 Beds ⋅ 2 Baths ⋅ 1089167 MLS
Enjoy lakeside living in Magnolia Lakes! This 3 - bedroom, 2- bath home features an open floor plan, a 2 - car garage, and a screened rear porch overlooking the water. A recently updated roof, AC, and electric water heater add value, while the primary suite offers a walk-in closet, garden tub, and separate shower. Community amenities include a pol, located near I-95, shopping, dining, and Melbourne's beaches.

1211 Berryhill Drive, Melbourne
9664 Alister Drive, Melbourne
$399,000
3 Beds ⋅ 2 Baths ⋅ 1089165 MLS
Priced well below market value for a very quick sale. As Seller needs to make a quick move. Amazing Floorplan - Light & Bright - there is tile throughout , impact windows, crown molding, great floorplan overlooks water, grass yard and covered back porch The Photos are with AI Assistance Don't miss this Valuable Opportunity

9664 Alister Drive, Melbourne
1225 N Wickham Road Unit 415, Melbourne
$148,000
2 Beds ⋅ 2 Baths ⋅ 1089164 MLS
Updated 2-bedroom, 2-bath condo in Eagles Nest Condo community on Wickham Rd. This move in ready condo features LVP flooring, fresh paint, spacious bedrooms, and a private patio overlooking the green space. Enjoy a well-kept community offering a sparkling pool, clubhouse, and new laundry facilities. Centrally located between Melbourne, just minutes to EGAD, Melbourne Airport, beaches, dining, shopping, and the King Center. Low-maintenance living with the HOA including cable, internet, water, pest control, exterior maintenance and insurance. Ideal for first-time buyers, downsizers, or investors. Schedule your showing today!

1225 N Wickham Road Unit 415, Melbourne
9933 Alister Drive, Melbourne
$359,900
3 Beds ⋅ 2 Baths ⋅ 1089145 MLS
Welcome to effortless Florida living in Bridgewater at Viera! This 2022-built attached villa offers 3BD/2BA/2CG & 1,565 SF of single-story living. The bright, open floor plan features tile throughout - NO CARPET - white cabinetry, stainless appliances, solid-surface countertops & tile backsplash. Relax or entertain on the spacious covered lanai. HOA dues of $492/month cover roof, exterior maintenance, lawn care, exterior insurance, cable & internet - PLUS NO CDD! Enjoy resort-style amenities including a heated pool & spa, fitness center, movie theater, café, ballroom, tennis, pickleball, bocce & more. Ideally located in sought-after Viera, close to The Avenue Viera, shopping, dining, golf, medical facilities & everyday conveniences, with easy access to I-95 and just a short drive to the beautiful Space Coast beaches!

9933 Alister Drive, Melbourne
1281 Indian Oaks Drive, Melbourne
$385,000
3 Beds ⋅ 2 Baths ⋅ 1089129 MLS
Welcome to Low Maintenance Florida Living in Pine Creek! This inviting 3BD/ 2BA home is tucked away in a gated 55+ community with NO REAR NEIGHBORS! Step inside to an open split floor plan w/ vaulted ceilings, luxury vinyl plank & tile throughout - NO CARPET! The spacious eat-in kitchen features white cabinetry, NEWER stainless steel refrigerator & NEW built-in microwave, while the primary en-suite offers dual sinks & a large walk-in shower. A dedicated laundry room includes a BRAND-NEW washer & dryer plus a utility sink. Relax on the spacious screened paver lanai overlooking lush tropical foliage for a peaceful, private setting. Highlights include IMPACT-RATED WINDOWS & SLIDER & an electric screened garage door. Residents enjoy a clubhouse, fitness room, HEATED pool & spa, plus a variety of social events. HOA dues of $846/qtr include cable, internet, lawn care & exterior painting every 8 years. All in a fantastic location just minutes from shopping, dining, healthcare & the beaches!

1281 Indian Oaks Drive, Melbourne
418 Poinciana Drive, Melbourne
$225,000
3 Beds ⋅ 2 Baths ⋅ 1089115 MLS
Unique dual-living opportunity in the desirable Loveridge Heights neighborhood, complete with a newer roof (2021) and AC (2017)! This versatile 3-bedroom, 2-bathroom property offers incredible flexibility and immediate cash flow, currently tenant-occupied until June 30, 2027. The spacious front home features a 2-bedroom, 1-bathroom layout with a fully equipped kitchen, a large dining room, and a massive family room with abundant storage. Completely separate with its own private exterior entrance and no interior connecting door, the rear 1-bedroom, 1-bathroom addition includes a functional kitchenette—making it the ultimate future Mother-in-Law suite, guest house, or private retreat. Situated on a super-large, fully fenced lot perfect for outdoor activities, this investment gem combines privacy with an unbeatable coastal lifestyle where you can walk to nearby fishing, boating, and swimming while remaining close to shopping and dining.

418 Poinciana Drive, Melbourne
7853 Loren Cove Drive, Melbourne
$357,000
3 Beds ⋅ 2 Baths ⋅ 1088976 MLS
Easy, low-maintenance living meets the sought-after Addison Village lifestyle in this 2017-built 3BR/2BA townhome in Loren Cove. Offering 1,458 SF, the bright, open floor plan features a split-bedroom design, spacious living & dining areas and tile throughout the main spaces. The kitchen is finished with granite countertops, a gas range & walk-in pantry, while a tankless gas water heater adds everyday efficiency. A 2-car attached garage provides plenty of parking, and the 2017 roof, A/C & water heater add to the appeal. The HOA makes maintenance a breeze, covering landscaping, irrigation, lawn care, pest control, insurance, roof coverage & exterior paint. Enjoy an amenity-rich lifestyle with a community pool, clubhouse with kitchen, gym, playground & walking path—all within desirable Addison Village.

7853 Loren Cove Drive, Melbourne
1515 Gardner Drive, Melbourne
$315,000
3 Beds ⋅ 2 Baths ⋅ 1089103 MLS
Space, freedom & an unbeatable location: this one checks every box. Set on an oversized corner lot in Melbourne's Autumn Woods, this 3-bed, 2-bath home pairs easy living with the big updates already done. Inside, fresh interior paint and an open floorplan create a bright, move-in-ready feel, while tile flooring throughout gives a clean, seamless look that's easy to maintain. Enjoy peace of mind with a 2024 roof, 2021 AC & 2021 water heater, plus city water & sewer for everyday convenience. Best of all, there's NO HOA, so you're free to enjoy your property your way. Wickham Park, schools, shopping & dining are all close by, with Downtown Melbourne, the Indian River & the beaches just minutes away. Even better, you're within walking distance of the Eau Gallie Arts District, with its galleries, vibrant murals, waterfront dining & year-round events. Walk to coffee, bring the dog to Canova Beach or bike the trails at Wickham Park. With this location, the options are endless!

1515 Gardner Drive, Melbourne
3273 Brentwood Lane, Melbourne
$449,900
3 Beds ⋅ 2 Baths ⋅ 1089099 MLS
Welcome home to this 3-bedroom, 2-bath, one-story block home in the established Parkway Meadows community of Melbourne. The home features an in-ground pool, a large backyard extending well beyond the pool area, and an attached 2-car garage. Inside, you'll find new luxury vinyl plank flooring throughout the main living areas, kitchen, hallways, and bathrooms, along with new carpet in all bedrooms and fresh two tone interior paint. Conveniently located near Wickham Road and Parkway Drive, with easy access to Wickham Park, shopping, dining, Pineda Causeway, and the beaches.

3273 Brentwood Lane, Melbourne
1601 Norman Drive, Melbourne
$270,000
3 Beds ⋅ 2 Baths ⋅ 1089085 MLS
Welcome home to this centrally located 3-bedroom, 1.5-bath home in Melbourne! Conveniently situated near shopping, Melbourne Orlando International Airport, and with easy access to US-192 and US-1, this home puts everything you need within reach. The home also offers wheelchair accessibility for added convenience. Inside, you'll find two spacious living areas—perfect for entertaining, relaxing, or creating a flexible bonus space—along with a large dining area. A 1-car garage, ample driveway parking, and a storage shed provide plenty of room for vehicles, tools, and more. Additional highlights include a metal roof installed in 2019 and an A/C system from 2016. Come see all the space, convenience, and potential this Melbourne home has to offer!

1601 Norman Drive, Melbourne
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